XML 47 R35.htm IDEA: XBRL DOCUMENT v3.23.2
Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of changes in Goodwill
The changes in the carrying amount of goodwill are presented in the table below:
(in Millions)Total
Balance, December 31, 2022$1,589.3 
Foreign currency adjustments
3.0 
Balance, June 30, 2023$1,592.3 
Schedule of finite-lived intangible assets
Our intangible assets, other than goodwill, consist of the following:
June 30, 2023December 31, 2022
(in Millions)GrossAccumulated AmortizationNetGrossAccumulated AmortizationNet
Intangible assets subject to amortization (finite-lived)
Customer relationships$1,133.6 $(383.2)$750.4 $1,127.9 $(351.3)$776.6 
Patents1.8 (1.5)0.3 1.7 (1.4)0.3 
Brands (1)
49.2 (11.8)37.4 16.1 (10.6)5.5 
Purchased and licensed technologies130.1 (44.6)85.5 128.4 (42.9)85.5 
Other intangibles2.3 (1.7)0.6 1.8 (1.7)0.1 
$1,317.0 $(442.8)$874.2 $1,275.9 $(407.9)$868.0 
Intangible assets not subject to amortization (indefinite-lived)
Crop Protection Brands (2)
$1,259.0 $1,259.0 $1,259.0 $1,259.0 
Brands (1)
344.2 344.2 370.1 370.1 
In-process research & development11.2 11.2 11.0 11.0 
$1,614.4 $1,614.4 $1,640.1 $1,640.1 
Total intangible assets$2,931.4 $(442.8)$2,488.6 $2,916.0 $(407.9)$2,508.1 
____________________ 
(1)    Represents trademarks, trade names and know-how.
(2)    Represents proprietary brand portfolios, consisting of trademarks, trade names and know-how, of our crop protection brands.
Schedule of indefinite-lived intangible assets
Our intangible assets, other than goodwill, consist of the following:
June 30, 2023December 31, 2022
(in Millions)GrossAccumulated AmortizationNetGrossAccumulated AmortizationNet
Intangible assets subject to amortization (finite-lived)
Customer relationships$1,133.6 $(383.2)$750.4 $1,127.9 $(351.3)$776.6 
Patents1.8 (1.5)0.3 1.7 (1.4)0.3 
Brands (1)
49.2 (11.8)37.4 16.1 (10.6)5.5 
Purchased and licensed technologies130.1 (44.6)85.5 128.4 (42.9)85.5 
Other intangibles2.3 (1.7)0.6 1.8 (1.7)0.1 
$1,317.0 $(442.8)$874.2 $1,275.9 $(407.9)$868.0 
Intangible assets not subject to amortization (indefinite-lived)
Crop Protection Brands (2)
$1,259.0 $1,259.0 $1,259.0 $1,259.0 
Brands (1)
344.2 344.2 370.1 370.1 
In-process research & development11.2 11.2 11.0 11.0 
$1,614.4 $1,614.4 $1,640.1 $1,640.1 
Total intangible assets$2,931.4 $(442.8)$2,488.6 $2,916.0 $(407.9)$2,508.1 
____________________ 
(1)    Represents trademarks, trade names and know-how.
(2)    Represents proprietary brand portfolios, consisting of trademarks, trade names and know-how, of our crop protection brands.
Schedule of finite-lived intangible assets amortization expense
Three Months Ended June 30,Six Months Ended June 30,
(in Millions)2023202220232022
Amortization expense$16.1 $15.3 $32.1 $30.7